One More Time; THERE WAS NO RECESSION

So whilst broadcasting (AM 1500, Saturdays 1-3 Central Standard, listen here) last week I got a caller that contested me when I said there was no recession.

Not that he was accusing me of lying or being uninformed, truthfully he sounded like an economist and was just informing me that the government had revised the figures and perhaps there was a genuine recession.

Remember, a recession is when GDP contracts for 2 SUCCESSIVE quarters in a row.

Though not booming economic growth, we did NOT have a recession.


I am vindicated once again...but it's hard to be wrong when you only argue the truth.